Asked by Alejandro Vidal on Feb 18, 2024
Verified
Franchising can be a beneficial way for entrepreneurs to get a head start in launching their own businesses since they do not have to pay the franchisor royalties after buying the franchise.
- Recognizing the potential benefits of franchising for entrepreneurs.
- Identifying the financial advantage of not having to pay royalties to the franchisor.
- Understanding the concept of franchising as a business model.
Verified Answer
CD
Clarissa Deluna
Feb 18, 2024
Final Answer :
False
Explanation :
This statement is false. Franchisees typically have to pay ongoing royalties to the franchisor, which can vary in amount and frequency.
Learning Objectives
- Recognizing the potential benefits of franchising for entrepreneurs.
- Identifying the financial advantage of not having to pay royalties to the franchisor.
- Understanding the concept of franchising as a business model.
Related questions
A Franchise Is a Type of License Purchased by a ...
To Avoid Conflicts with the First Amendment, No State Requires ...
Because a Franchise Can Involve the License of a Trademark ...
A Franchisor Does Not Have Good Cause to Terminate a ...
To Prevent Deception, All Representations by a Franchisor to a ...